Market closed lower, with the Dow closing down -113 pts at 15,337. Funny, how they ramp the market immediately after cash open, then sell it the rest of the day. We had small buy programs come in and try to take it green, but couldn’t do it.
S&P Futures (ES) made new lows after cash close at 1681 even so far. Currently, ES is -9.3 handles at 1681.50 with 1.48M minis traded. Gold and Silver continued their climb, followed by Oil. Tomorrow, we have a lot of Economic reports due out. If you look at the chart below of SPX and DOW, we have been in sideways action for around 10 days now.
VIX had an interesting day, also climbing after cash close to a new session high at 13.04 (+5.93%). Good size volume today, as premiums made new contract lows in the front month. VIX Futures also climbed higher, up roughly .15.